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86 2 Bedroom Apartments for rent in Lakewood, OH

Last updated May 21 at 3:03am UTC
1626 Grace Ave
Lakewood
Lakewood, OH
Updated May 18 at 7:15pm UTC
2 Bedrooms
$1,100
2176 Wyandotte
Lakewood
Lakewood, OH
Updated May 17 at 9:12pm UTC
2 Bedrooms
$1,400
15406 Hilliard Rd 1
Lakewood
Lakewood, OH
Updated May 17 at 10:17am UTC
2 Bedrooms
$975
17920 Detroit Ave
West End
Lakewood, OH
Updated May 14 at 5:54pm UTC
2 Bedrooms
$765
Results within 1 miles of Lakewood, OH
10616 Bernard Ave
West Boulevard
Cleveland, OH
Updated May 15 at 6:05pm UTC
2 Bedrooms
$800
3324 Bosworth Rd
West Boulevard
Cleveland, OH
Updated May 15 at 6:05pm UTC
2 Bedrooms
$725
1475 W 112th St
Edgewater
Cleveland, OH
Updated May 9 at 6:10pm UTC
2 Bedrooms
$850
18871 Lorain Rd 28
Fairview Park
Cleveland, OH
Updated May 2 at 9:59am UTC
2 Bedrooms
$3,250
Results within 5 miles of Lakewood, OH
2809 Archwood Ave
Brooklyn - Centre
Cleveland, OH
Updated May 21 at 1:48am UTC
2 Bedrooms
$750
6113 Lawn Ave
Detroit - Shoreway
Cleveland, OH
Updated May 21 at 12:29am UTC
2 Bedrooms
$850
3894 W 33rd St
Clark - Fulton
Cleveland, OH
Updated May 20 at 5:30pm UTC
2 Bedrooms
$675
2222 Detroit Ave
Ohio City
Cleveland, OH
Updated May 20 at 11:23am UTC
2 Bedrooms
$1,500
1469 Newman Ave
The Edge
Lakewood, OH
Updated May 20 at 5:45pm UTC
2 Bedrooms
$895
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May 2018 Lakewood Rent Report

Welcome to the May 2018 Lakewood Rent Report. Lakewood rents increased over the past month. In this report, we'll evaluate trends in the Lakewood rental market, including comparisons to cities throughout the state and nation.

View full Lakewood Rent Report
Rent Report
Lakewood

May 2018 Lakewood Rent Report

Welcome to the May 2018 Lakewood Rent Report. Lakewood rents increased over the past month. In this report, we'll evaluate trends in the Lakewood rental market, including comparisons to cities throughout the state and nation.

Lakewood rents increased significantly over the past month

Lakewood rents have increased 0.6% over the past month, and are up slightly by 1.6% in comparison to the same time last year. Currently, median rents in Lakewood stand at $660 for a one-bedroom apartment and $820 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in February. Lakewood's year-over-year rent growth leads the state average of 1.1%, as well as the national average of 1.5%.

Rents rising across cities in Ohio

Throughout the past year, rent increases have been occurring not just in the city of Lakewood, but across the entire state. Of the largest 10 cities that we have data for in Ohio, 9 of them have seen prices rise. The state as a whole logged rent growth of 1.1% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Dublin is the most expensive of all Ohio's major cities, with a median two-bedroom rent of $1,120; of the 10 largest cities in the state that we have data for, Dublin, is the only major city to see rents fall year-over-year (-2.2%).
  • Fairfield, Cincinnati, and Middletown have all experienced year-over-year growth above the state average (4.1%, 2.9%, and 1.6%, respectively).

Lakewood rents more affordable than many large cities nationwide

As rents have increased slightly in Lakewood, a few large cities nationwide have also seen rents grow modestly. Lakewood is still more affordable than most large cities across the country.

  • Lakewood's median two-bedroom rent of $820 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.6% rise in Lakewood.
  • While Lakewood's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+1.6%).
  • Renters will find more reasonable prices in Lakewood than most large cities. For example, San Francisco has a median 2BR rent of $3,060, which is more than three-and-a-half times the price in Lakewood.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.